Emerald (NYSE:EEX) Rating Increased to Buy at Wall Street Zen

Key Points

• Emerald's stock rating has been upgraded by Wall Street Zen from "hold" to "buy," indicating increased investor confidence in the company.
• Rosenblatt Securities raised its target price for Emerald from $7.80 to $7.90 while maintaining a "buy" rating, with an average consensus price target now at $7.95.
• Emerald reported a positive quarterly earnings outcome with revenue of $105.50 million, surpassing expectations of $100.40 million, although it posted a slight earnings per share loss of ($0.01).

Wall Street Zen upgraded shares of Emerald (NYSE:EEX - Free Report) from a hold rating to a buy rating in a report issued on Saturday.

Separately, Rosenblatt Securities boosted their price objective on Emerald from $7.80 to $7.90 and gave the stock a "buy" rating in a research note on Thursday, August 14th. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average target price of $7.95.

Emerald Price Performance

Shares of EEX stock traded up $0.01 during trading hours on Friday, hitting $5.29. 22,083 shares of the company's stock were exchanged, compared to its average volume of 40,336. Emerald has a fifty-two week low of $3.21 and a fifty-two week high of $6.65. The firm has a market cap of $1.05 billion, a P/E ratio of 105.70 and a beta of 1.19. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.29. The firm has a 50 day moving average of $5.05 and a two-hundred day moving average of $4.51.

Emerald (NYSE:EEX - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported ($0.01) earnings per share (EPS) for the quarter. The company had revenue of $105.50 million during the quarter, compared to analyst estimates of $100.40 million. Emerald had a net margin of 1.83% and a return on equity of 2.03%. During the same period in the prior year, the business posted ($0.02) EPS. Emerald has set its FY 2025 guidance at EPS.

Emerald Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 25th. Shareholders of record on Thursday, August 14th were issued a $0.015 dividend. The ex-dividend date was Thursday, August 14th. This represents a $0.06 dividend on an annualized basis and a yield of 1.1%. Emerald's dividend payout ratio is presently 120.00%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of EEX. Barclays PLC boosted its position in shares of Emerald by 64.0% during the 4th quarter. Barclays PLC now owns 36,041 shares of the company's stock valued at $173,000 after acquiring an additional 14,064 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in Emerald by 25.5% in the 4th quarter. Hsbc Holdings PLC now owns 35,467 shares of the company's stock valued at $172,000 after purchasing an additional 7,208 shares during the last quarter. Two Sigma Securities LLC acquired a new stake in shares of Emerald during the 4th quarter worth approximately $62,000. Northern Trust Corp raised its position in shares of Emerald by 11.6% during the 4th quarter. Northern Trust Corp now owns 186,403 shares of the company's stock valued at $898,000 after buying an additional 19,375 shares during the period. Finally, First Manhattan CO. LLC. lifted its stake in shares of Emerald by 16.4% in the 4th quarter. First Manhattan CO. LLC. now owns 25,338 shares of the company's stock valued at $122,000 after purchasing an additional 3,575 shares during the last quarter. Hedge funds and other institutional investors own 14.90% of the company's stock.

About Emerald

Emerald Holding, Inc operates business-to-business (B2B) trade shows in the United States. The company provides B2B trade show franchises; and B2B print publications and digital media products, which provide industry specific business news and information across various sectors. It also offers B2B e-commerce and digital merchandising solutions to manufacturers and retailers through Elastic Suite and Bulletin platforms.